Skip to content
Solved

Section 914 | No allotment of shares to transferor company or its nominee (merger)

From legislation.gov.uk

The scheme must not provide for any shares in the transferee company to be allotted to—F1

(a)a transferor company (or its nominee) in respect of shares in the transferor company held by the transferor company itself (or its nominee); orF1

(b)the transferee company (or its nominee) in respect of shares in a transferor company held by the transferee company (or its nominee).F1